AIA Economic Indicators for Design Work at Architectural Firms Mixed in May

Jun 26, 2009

The downturn in design services billings has moderated, but the Architecture Billings Index (ABI), published by The American Institute of Architects (AIA), Washington, D.C., reveals that an economic recovery has stalled. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. AIA reported the May ABI rating was 42.9, nearly identical to the 42.8 mark in April. This score

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